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20120930
20121008
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Search Results 0 to 11 of about 12 (some duplicates have been removed)
chief jack welch on the record saying he thinks there are funny numbers at work here and it is tied to the president's for performance. connell: californians hoping you filled your gas tank yesterday because prices spiking overnight on the west coast. we will tell you about that. dagen: stocks every 15 minutes. nicole petallides at the stock exchange with some green. nicole: this is a day on wall street. we got the monthly jobs report which came as a complete surprise to everybody on wall street as we look at the dow jones industrials which are up 65 points but the dow has moved to levels we have not seen since december of 2007. highest level for the dow since 2007 and among the dow components so many of them are hitting 52 week highs. home depot and verizon and general of dr. kent walmart and pfizer and ibm, merck and 3 m. many viewers may own mutual funds. as traders digest this monthly jobs reports some are trying to make heads or tails of it. a shock on wall street but right now this market continues to move to the upside. connell: we should hear from the president on his reacti
this week, but we did get numbers mixed and consumer confidence is good and unemployment and yet, jack welch, the former ceo of general electric as you just mentioned on squawk out on twitter today. he's been obviously critical of the white house for years now, but he says unbelievable jobs numbers. these chicago guys will do anything. can't debate so change numbers. that's the former head of a very large company. >> i'm on tv, and i remember jack sent me a fax when i was first on with mark haynes. i like you. i love jack. i'm trying to reconcile jack with the numbers because i trust jack and think he's terrific. i come back and say listen, they've been wrong -- he's jack. i don't think that they're phony. it doesn't make me feel that jack is off the reservation so much that i think that this particular issue -- i disagree with him. i read the tweet and i was, darn, jack, come on, man. >> let's say good is good. >> does this mark the turning point and we had david come out this morning where he was establishing 1575 and that's quite an upside for 2013 particularly if he's standing by a year-
. yesterday jack welch, the former chairman and ceo of ge, tweeted unbelievable job numbers. these chicago guys will do anything. can't debate, so change numbers. he's obviously very influential man. when he tweets, people listen. is there any way that these kinds of numbers can be manipulated? >> he tweets, people listen, they retweet, they write about it and we certainly talked about it a lon on cnbc. the fact of the matter is the bureau of labor statistics has been calculating this number since 1948. it's a scientific survey. they poll 140,000 businesses. you definitely have a giant sample here. what some people are saying is a possibility is that the type of businesses sampled were ones that were skewed towards jobs added. those place where is they might have add more part-time workers. we also saw a giant jump in the number of people employed from the age group of 20 to 24. the biggest jump since 1964. some of these businesses that employed more young people being pulled? it's unlikely. it's really an issue of how much data you can actually get together in 30 days time. of course, you
conservatives accuse the obama administration of doctoring the jobs number. former general electric ceo jack welch wrote "unbelievable job numbers. the chicago guys will do anything. can't debate, so change the numbers. >> it's ludicrous to hear that kind of statement. >> reporter: secretary of labor denies any political motivations a saying the numbers are real. while romney launches tv ad as promising to do better than president obama. >> i have a detailed plan to create 12 million new jobs. >> reporter: obama is celebrating this report. >> this country has come too far to turn back now. >> reporter: a benchmark, he says, proves america is on the right track. economists say the number of new jobs being created is not enough to significantly lower the unemployment rate. the next jobs report comes out in four days before the election. reporting live on capitol hill, i'm danielle lee, news 4. >> our team coverage of the presidential election takes us to opposite cornerses of virginia. while governor romney was in coal country in abington, president obama was in fairfax. the president talked a
conservatives accuse the obama administration of doctoring the jobs numbers. former general electric ceo jack welch wrote "unbelievable job numbers. the chicago guys will do anything. can't debate, so change the numbers." >> it's really ludicrous to hear that kind of statement. >> reporter: secretary of labor denies any political motivation saying the numbers are real. so, while romney launches tv ads promising to do better than president obama -- >> i have a detailed plan to create 12 million new jobs. >> reporter: obama is celebrating this report. >> this country has come too far to turn back now. >> reporter: a benchmark, he says, proves america is on the right track. economists say the number of new jobs being created is still not enough to significantly lower the unemploit rate. the next jobs report comes out just four days before the election. reporting live on capitol hill, i'm danielle lee, news 4. >>> health officials across the country are bracing for more cases of infection from that fungal meningitis outbreak. today the virginia department of health says about 630 people received
fell to below 8%? also jack welch, the former ge guy. >> yep. >> he's tweeting this morning and saying, unbelievable jobs numbers. these chicago guys will do anything. can't debate, so change numbers. i mean -- so is it possible the labor department is lying or has changed these numbers in some way? >> look, these numbers are often revised. usually when you have a vibrant growing jobs market a revision of 86,000 doesn't make any difference at all. you have much more jobs being created. we don't have that right now. in terms of why the two numbers are different, there are two different surveys the government does. hou household survey where they ask people wheer they're employed and a company survey where they ask companies how many people are employed. those are two different numbers. so that's why you have the number of jobs created or lost and the jobless rate. that's the technical data gathering reason. as for -- look, you'll hear conservatives say either they don't trust these numbers or they're going to say, look, 114,000 is the important number to look at here. that's not good en
numbers came out, former ge ceo jack welch said the government tweaked the numbers on purpose to help the president. the unemployment rate dropped to 7.8% from 8.1% but officials from the bureau of labor statistics say the numbers are almost impossible to manipulate. general electric is the minority shareholder of nbc. >>> a nail polish company with facilities in maryland is set to layoff more than 100 people at the end of the year. the company owned by revlon is closing its beltsville facility. >>> d.c. mayor vincent gray says he is not worried about the 2014 mayoral election focusing instead on his current term. he dismissed a tweet yesterday that said he wouldn't run next election. he is currently under investigation for election fraud but no charges have been filed. gray appeared agitated when asked about the tweet and if he would run in 2014. >> is this based on somebody's opinion that was quoted today in a story? >> reporter: yes apparently. >> i don't know where they get their opinion from. >> i don't know either. >> reporter: are you going to run again? >> that isn't even an i
that there is further proof that the economy continues to heal. others not so sure. jack welch tweeted this moments ago. unbelievable jobs numbers. these chicago guys will do anything, can't debate so change numbers end quote. martha: hilda so liz says that that notion is lewd today rust. joined by chris wallace anchor of fox news sunday . good morning, chris. >> good to be with you. martha: what do you make about the backlash for this 7.8 number? >> it's understandable, because it's good news for president obama at a time when he very much needed it. the fact is that he had a bad debate, that his campaign was raoeulgs a reeling, is an overstatement but hit a serious pothole. and the talking point, which is that the unemployment rate under this president has been over 8% for 48 months, they can't say that any more. and obviously some romney supporters aren't happy about that. martha: whenever you look at the economic numbers i always wonder. obviously as you point out the president's detractors will try to mine mice the number and the president will build it up. it's down to everyone's individual econo
that were made by jack welch. here is a tweet on that -- host: he is referring to comments made on twitter earlier today by jack welch, who said clear this morning that the unbelievable jobs numbers -- of those chicago guys will do anything, the cannot debate so the change the numbers. that is from jack welch, the former head of general electric. that was on his twitter feed from earlier today. that is reported on a bloomberg and elsewhere. we're waiting for mitt romney who has a rally said in abingdon, virginia. we will take you there when it gets under way. the president making his way to cleveland state university for a rally there this afternoon. we will have that live at 2:30 eastern. that will be live at c-span.org. what you think about the jobs number and the presidential race? caller: it is good, a big deal. the guy from tennessee, he does not know what he is talking about. right now, we have to come together. this is big news. not republican, not a democrat. this is for everybody. i do not understand why they talk obama this, obama that. this is good news for everybody. host: are
jack welch said the government tweaked the numbers on purpose to help the president. the unemployment rate dropped to 7% to 8% from 8.1%. officials from the bureau of laib statistics say the numbers are almost impossible to manipulate. general electric is the minority share holder of nbc. >>> a nail polish company with facilities in maryland is set to layoff more than a hundred people at the end of the year. simple colors owned by revlon is closing the beltsville facility and the company said it would be eliminating 250 jobs as part of a global reorganization. >>> good news for a metro rider this weekend. you don't have to deal with too much track work. crews will only be working on two lines. on the red line trains will single track between judiciary square and fort totten. on the orange line trains share a track between stadium armory and cheverly. the work continues on monday because of the holiday. everything should be back to normal tuesday morning. now to the future of metro and its new fleet of train cars. the transit agency released this video complete with l.e.d. screens and
Search Results 0 to 11 of about 12 (some duplicates have been removed)